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    For Sale (35)

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    Detroit Commercial Vacant Lot
    $65,000
    0.05 Acres

    Detroit Commercial Vacant Lot

    Commercial vacant lot for sale in Detroit, near freeway.

    15738 Livernois Ave, Detroit, MI 48238
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    Residential Land in Oak Park
    $100,000
    0.20 Acres

    Residential Land in Oak Park

    Land available for building in Oak Park, Michigan.

    Rosewood Ave, Oak Park, MI 48237
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    Detroit Commercial Vacant Land For Sale
    $40,000
    0.26 Acres

    Detroit Commercial Vacant Land For Sale

    Commercial vacant land for sale in Detroit, great location.

    3302 E Seven Mile Rd, Detroit, MI 48234
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    Detroit Commercial Land For Sale
    $100,000
    0.09 Acres

    Detroit Commercial Land For Sale

    Commercial land available in Detroit, Michigan.

    12719 W Chicago St, Detroit, MI 48228
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    Warren Land For Commercial Use
    $275,000
    1.53 Acres

    Warren Land For Commercial Use

    1.5-acre commercial land parcel in Warren, Michigan.

    20800 Groesbeck Hwy, Warren, MI 48089
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    Eastpointe Gas Station For Sale
    $999,999
    1,231 SF

    Eastpointe Gas Station For Sale

    Gas station with real estate, business, and multiple revenue streams.

    00000 Macomb Ave, Eastpointe, MI 48021
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    Detroit Commercial Building with Drive-Thru
    $199,000
    1,227 SF

    Detroit Commercial Building with Drive-Thru

    Versatile 1,200 SF commercial building with drive-thru and parking.

    8300 Livernois Ave, Detroit, MI 48204
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    Buildable Lot in Hazel Park
    Contact for pricing
    0.15 Acres

    Buildable Lot in Hazel Park

    Residential land for sale in Hazel Park, Michigan.

    W Milton Ave, Hazel Park, MI 48030
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    Established Pet Salon in Novi
    $35,000
    1,800 SF

    Established Pet Salon in Novi

    Fully equipped pet salon ready for immediate operation in Novi.

    333 Oakland, Novi, MI 48377
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    Residential Land in Novi, MI
    $325,000
    0.17 Acres

    Residential Land in Novi, MI

    Residential lot with sunset views, close to amenities.

    2094 Austin Dr, Novi, MI 48377
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    Buildable Lot in Hazel Park
    $30,000
    0.10 Acres

    Buildable Lot in Hazel Park

    Residential land for sale in Hazel Park, Michigan.

    934 E Granet Ave, Hazel Park, MI 48030
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    Turnkey Collision Repair Business
    $449,000
    8,000 SF

    Turnkey Collision Repair Business

    Fully equipped collision repair shop with immediate earning potential.

    23524 E Fenkell St, Detroit, MI 48223
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    Operating Hair Salon for Sale
    $120,000
    2,700 SF

    Operating Hair Salon for Sale

    Fully operational women’s hair salon in Sterling Heights, Michigan.

    777 Macomb, Sterling Heights, MI 48310
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    Turn-Key Liquor Store Opportunity
    $699,000
    2,100 SF

    Turn-Key Liquor Store Opportunity

    Liquor store on a busy street with unreal potential.

    15300 Telegraph Rd, Redford, MI 48239
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    Detroit Multi-Family Property for Sale
    $49,000
    2,300 SF

    Detroit Multi-Family Property for Sale

    Multi-family property in Detroit, MI, ideal for investment.

    15879 Kentucky St, Detroit, MI 48238
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    Established Restaurant Business Opportunity
    $80,000
    2,200 SF

    Established Restaurant Business Opportunity

    Established restaurant for sale in Oakland County, Lake Orion.

    111 Oakland Rd, Lake Orion, MI 48359
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    Commercial Lot on Livernois Road
    $65,000
    0.05 Acres

    Commercial Lot on Livernois Road

    Commercial vacant lot for sale in Detroit, Michigan.

    15738 Livernois Ave, Detroit, MI 48238
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    Residential Lot in Center Line
    $45,000
    0.11 Acres

    Residential Lot in Center Line

    Residential lot ready for new construction in Center Line.

    7246 Henry, Center Line, MI 48015
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    Buildable Lot in Hazel Park
    $35,000
    0.10 Acres

    Buildable Lot in Hazel Park

    Residential land for sale in Hazel Park, Michigan.

    Cayuga Ave, Hazel Park, MI 48030
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    Restored Multi-Family Income Property
    $130,000
    2,306 SF

    Restored Multi-Family Income Property

    Restored Detroit multi-family property with income potential.

    13723 Mapleridge St, Detroit, MI 48205
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    Residential Land Near White Lake
    Contact for pricing
    0.29 Acres

    Residential Land Near White Lake

    Vacant land with lake privileges near shopping and expressways.

    Giddings Blvd, Highland Twp, MI 48356
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    Land Near Lake Oakland
    $69,900
    0.85 Acres

    Land Near Lake Oakland

    0.859 acres near Lake Oakland, Waterford Twp, Michigan.

    Celia Dr, Waterford, MI 48329
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    Vacant Residential Lot in Pontiac
    Contact for pricing
    0.12 Acres

    Vacant Residential Lot in Pontiac

    Vacant lot in Pontiac, Michigan, suitable for residential construction.

    200 Cedardale Ave, Pontiac, MI 48341
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    Residential Land in Fremont Township
    Contact for pricing
    1.19 Acres

    Residential Land in Fremont Township

    1.2-acre vacant parcel suitable for residential development.

    Hunt Rd, Mayville, MI 48744
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    Detroit Commercial Land For Sale
    $40,000
    0.26 Acres

    Detroit Commercial Land For Sale

    0.26 acre commercial land for sale in Detroit.

    3302 E Seven Mile Rd, Detroit, MI 48234
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    Warren Commercial Land For Sale
    $320,000
    1.53 Acres

    Warren Commercial Land For Sale

    1.5-acre commercial land parcel in Warren, Michigan.

    20800 Groesbeck Hwy, Warren, MI 48089
    View details
    Established Spa Business Opportunity
    $49,900
    24,120 SF

    Established Spa Business Opportunity

    Ready-to-run beauty spa business with inventory included for sale.

    36880 Woodward Ave, Bloomfield Hills, MI 48304
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    Detroit Commercial Building with Drive-Thru
    Contact for pricing
    1,200 SF

    Detroit Commercial Building with Drive-Thru

    Well-maintained 1,200 sq. ft. building with drive-thru and parking.

    8300 Livernois Ave, Detroit, MI 48204
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    Commercial Vacant Lot For Sale
    Contact for pricing

    Commercial Vacant Lot For Sale

    Vacant commercial lot on Livernois Road, Detroit, for sale.

    15738 Livernois St, Detroit, MI 48238
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    Vacant Lots For Sale
    Contact for pricing

    Vacant Lots For Sale

    Vacant land available for sale.

    20800 Groesbeck Hwy, Warren, MI 48089
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    Vacant Land in Warren
    $320,000

    Vacant Land in Warren

    1.5-acre commercial land parcel near Eight Mile Road.

    20800 Groesbeck Hwy, Warren, MI 48089
    View details
    Vacant Land in Warren
    $320,000

    Vacant Land in Warren

    1.5-acre commercial land parcel near Eight Mile Road.

    20800 Groesbeck Hwy, Warren, MI 48089
    View details
    Former Liquor Store on Corner
    Contact for pricing
    1,200 SF

    Former Liquor Store on Corner

    Commercial opportunity on 2.27 acres with redevelopment potential.

    3497 Sanilac Rd, Caro, MI 48723
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    Commercial Vacant Land For Sale
    Contact for pricing
    55,555 SF

    Commercial Vacant Land For Sale

    Commercial vacant land for sale in a great location.

    3302 E Seven Mile Rd, Detroit, MI 48234
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    Commercial Vacant Lot For Sale
    Contact for pricing
    2,203 SF

    Commercial Vacant Lot For Sale

    Vacant commercial lot on Livernois Road, Detroit, near freeway.

    15738 Livernois Ave, Detroit, MI 48238
    View details

    For Lease (5)

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    Warren Land For Rent
    $4,000 / Mo
    66,647 SF

    Warren Land For Rent

    1.5-acre commercial land parcel in Warren, Michigan.

    20800 Groesbeck Hwy, Warren, MI 48089
    View details
    Ypsilanti Office Space Available
    $1,750 / Mo
    1,500 SF

    Ypsilanti Office Space Available

    Office space for medical, wellness, accounting, or professional services.

    740 Emerick St, Ypsilanti, MI 48198
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    Ypsilanti Office Space Available
    $1,250 / Mo
    1,000 SF

    Ypsilanti Office Space Available

    Flexible office space ideal for medical or professional services.

    740 Emerick St, Ypsilanti, MI 48198
    View details
    Prime Vacant Land Opportunity
    $4,000 / Mo
    66,228 SF

    Prime Vacant Land Opportunity

    1.5-acre commercial land parcel in Warren, MI for lease.

    20800 Groesbeck Hwy, Warren, MI 48089
    View details
    Ypsilanti Office Space For Rent
    $1,250 / Mo

    Ypsilanti Office Space For Rent

    Office space in Ypsilanti, suitable for various professional services.

    740 Emerick St, Ypsilanti, MI 48198
    View details

    Leases and Sales on Map

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    Curtis-Botsford Real Estate LLC
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Curtis-Botsford Real Estate LLC
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